A-share diversified financial sector stocks surged in the short term, with Xinli Financial hitting the daily limit, and Ruida Futures, Huajin Capital, Nanhua Futures, Rendong Holdings, Hongye Futures and other stocks following suit.

CSI 300 index futures (IF main contract) down 1.06%; SSE 50 futures (IH main contract) contract) down 0.77%; CSI 500 futures (IC main contract) down 1.94%; CSI 1000 futures (IM main contract) down 2.20%.

Key News 1. The 2026 Financial Street Forum Annual Meeting will open in Beijing on October 19th, during which a series of financial reform and development policies will be released. 2. Ministry of Finance: Starting April 1, 2027, the export VAT rebate rate for new energy vehicles will be reduced from 13% to 9%. 3. China Securities Regulatory Commission (CSRC): Exploring systems and practices more suitable for innovative SMEs. Individual Stock News 1. Xinhua Media: Trading suspended for investigation starting October 13th. 2. Yuanjie Technology: Expected net profit growth of 578.85%-659.70% in the third quarter. 3. Lianxun Instruments: Expected net profit growth of 1,866.00% to 2,072.95% in the first three quarters. 4. Hanyu Pharmaceutical: Expected net profit growth of 502.65%-530.68% in the first three quarters. 5. GRINM Advanced Materials: Third-quarter net profit of RMB 79.9611 million, a year-on-year decrease of 30.61%. 6. Tianyang Technology: Signed a contract to purchase 20,000 NVIDIA GPUs. 7. MicroNano: Plans to raise no more than RMB 4.944 billion through a private placement to invest in semiconductor equipment projects. 8. Xingyun Technology: Increased the total amount of its computing power service contract to RMB 3.357 billion, an increase of approximately 9.96% compared to the original contract. 9. CICC: Dongxing Securities and Cinda Securities will be delisted on October 19. 10. Huagong Tech: Its indirect controlling shareholder increased its holdings by 239,200 shares and plans to continue increasing its holdings by RMB 50 million to RMB 100 million. 11. Fenghua Advanced Technology: Its controlling shareholder, Guang Sheng Holding Group, plans to reduce its holdings by no more than 6.8556 million shares. 12. Ultrasonic Electronics: Expects Q3 net profit to increase by 181%-206% quarter-on-quarter, with sufficient orders and rising prices for copper clad laminate products. 13. JPT: Received approximately RMB 1.11 billion in fiber optic connector purchase orders from North American customers so far in 2026. 14. Hanyu Pharmaceutical: Expects net profit for the first three quarters to increase by 503%-531% year-on-year, with continued strong growth in API (Active Pharmaceutical Ingredient) business. 15. Hongxin Electronics: Subsidiary signed a RMB 2.983 billion contract for the purchase of high-performance server computing chips. 16. Northern Rare Earth: Expects net profit for the first three quarters to increase by 135%-139% year-on-year, with prices of major rare earth products generally fluctuating at high levels. 17. JAC Motors: Sales of new energy passenger vehicles in September decreased by 18.85% year-on-year.